CIBC Asset Management Inc Boosts Holdings in VeriSign, Inc. (NASDAQ:VRSN)

CIBC Asset Management Inc raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,807 shares of the information services provider’s stock after buying an additional 670 shares during the period. CIBC Asset Management Inc’s holdings in VeriSign were worth $2,433,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares during the period. UMB Bank n.a. grew its holdings in VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC purchased a new stake in VeriSign in the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign in the second quarter worth about $39,000. Finally, Concord Wealth Partners lifted its position in shares of VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Trading Down 0.5 %

Shares of NASDAQ:VRSN opened at $178.25 on Wednesday. The stock has a 50 day moving average of $183.79 and a 200 day moving average of $179.80. The company has a market cap of $17.13 billion, a PE ratio of 20.73 and a beta of 0.91. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. The firm had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 earnings per share.

VeriSign Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.